HomePress|News & Press Releases|Press releases|SUCCESSFUL COMPLETION OF PERNOD RICARD’S € 600 MILLION 10-YEAR BOND ISSUE

Press

Pernod Ricard provides journalists with all information needed to fully understand the Group and its strategy, along with resources and news about the Group and its brands.

SUCCESSFUL COMPLETION OF PERNOD RICARD’S € 600 MILLION 10-YEAR BOND ISSUE

05/10/2016

Press Release

Paris, May 10, 2016

Download the press release

 

Amount: EUR 600 million

Final maturity: May 18, 2026

Settlement: May 17, 2016

Format: Fixed Rate Notes

Coupon: 1.50%

Reoffer price: 99.871%

Margin over reference swap mid-rate: +100 basis points

ISIN Code: FR0013172939

 

Pernod Ricard, whose long-term senior debt is rated Baa3 by Moody’s and BBB- by Standard & Poor’s, today set the terms of its new bond issue denominated in Euro.

The transaction was well received by the market, enabling the Group to benefit from a 1.50% coupon being the lowest ever of any of the Group’s bond issuances.

The net proceeds of the issue will be used in particular to pay down bond debt, thus extending the maturity profile of the Group’s debt.

Placement was made across a range of qualified investors, principally in Germany and France.

An application has been made for the bonds to be admitted to trading on Euronext Paris.

 

BNP Paribas, Crédit Agricole CIB, Banco Bilbao Vizcaya Argentaria, S.A., CM-CIC Market Solutions, HSBC, Lloyds Bank, Rabobank, Société Générale Corporate & Investment Banking were the joint bookrunners of this bond issue.

Tags related to the news: Americas Asia Europe France

Return to the news